Read Hyundai Lincoln Limited: FCA regulated?

Appointed representative

This firm does not hold FCA authorisation of its own, and acts under a principal firm, which is legally responsible for its regulated business.

Appointed for 9 years
Protected through the principal
No FCA actions
Active company since 2011
Accounts filed up to 31 December 2024
One of its directors is also a director of a firm that is no longer authorised

Responsible principal firm

Ingeni Services Group Limited Reference number: 747381 Authorised View firm →

What does this mean?

An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
Read Hyundai Lincoln Limited (FRN 788756) is an AR of Ingeni Services Group Limited (FRN 747381). When you use Read Hyundai Lincoln's services, the FCA authorisation sits with the principal firm.
Example: if you take financial advice from Read Hyundai Lincoln, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Website

read-motorgroup.co.uk (opens in a new tab)
Phone number

01522 500200
Address

Black Horse Drive, South Hykeham, Lincoln, Lincolnshire, LN6 9UJ, United Kingdom

In the full report: 3 background checks

When read-motorgroup.co.uk first appeared online, and whether it can receive email
What kind of line 01522 500200 is
Who else gives the postcode LN6 9UJ

Other names (1)

If you were contacted under any of these names, it is this firm.

Read Hyundai Trading name: A name it trades under now.

FCA permissions and consumer protection

Protection through the principal firm
Protection works through Ingeni Services Group Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Complaints Ombudsman, free
You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number: 07708388 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 18 July 2011 (15 years old)
Registered office: Retford Road, Worksop, Nottinghamshire, S80 2QD, United Kingdom
Nature of business: Sale of new cars and light motor vehicles (SIC 45111)
Sale of used cars and light motor vehicles (SIC 45112)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Michael David Read	Director	Apr 1964	18 Jul 2011	9 other companies
Nicola Jane Read	Director	Sep 1963	18 Jul 2011	7 other companies
Nicola Jane Read	Secretary	Not published	18 Jul 2011	–

Other companies run by these 2 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies: 10
closed down: 2
went insolvent: 1

In the full report: all 10 companies, named

What each company does, and whether it is still trading
Which of these 2 directors sit on each board, and since when
The one that went into liquidation or administration
The 5 on the FCA register, including 4 no longer authorised
The 6 companies these 2 directors run together

Filed accounts and finances

Year to 31 December 2024Full accountsAudited

Turnover

£19.5m

−6.8% from £20.9m

Profit before tax

£406k

−20% from £506k

Net assets

£2.58m

+7.9% from £2.39m

Employees (average)

21

+5% from 20

Turnover and profit

About these figures

Turnover: Money taken from sales in the year, before any costs.
Profit before tax: What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity: Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities: Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank: Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year: Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company 07708388. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Read Hyundai Lincoln’s history from the FCA register and Companies House, newest first.

Key events (3) All events (6)

2017

13 September 2017

Became an appointed representative

FCA register

2016

6 April 2016

Read Motor Group took control (75–100% of shares)

Companies House

2011

18 July 2011

Incorporated at Companies House

Companies House

In the full report: all 6 events

All 6 events in its history (3 shown here)
Every director appointment and resignation: 2

Firms connected to Read Hyundai Lincoln

Other FCA-listed firms that share a director, phone number or address with Read Hyundai Lincoln. A link shows who the firm is tied to, not whether either can be trusted.

connected firms: 5
no longer authorised: 4
share a director: 5

In the full report: all 5 connected firms, named

How each is linked: shared directors (5)
Who links each one: the named directors, with dates

Firms like Read Hyundai Lincoln

Other firms of the same type (car dealer), nearest first.

In Lincoln

Soper of Lincoln LimitedLincolnAppointed representative New Port MotorhomesLincolnAppointed representative F.Twells & Sons LimitedLincolnAppointed representative Maximover LimitedLincolnAppointed representative Motor Me Lincoln LtdLincolnAppointed representative mynextvehiclepro limitedLincolnAppointed representative

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Read Hyundai Lincoln

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

10 other companies its directors have run, named
3 background checks on its contact details
All 6 events in its history
5 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Read Hyundai Lincoln Limited FCA authorised?

Read Hyundai Lincoln Limited (FRN 788756) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.

What does appointed representative mean for Read Hyundai Lincoln?

An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Read Hyundai Lincoln Limited (FRN 788756) is an AR of Ingeni Services Group Limited (FRN 747381). When you use Read Hyundai Lincoln's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Read Hyundai Lincoln, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

What is Read Hyundai Lincoln’s phone number and website?

The FCA register lists the phone number 01522 500200 and the website read-motorgroup.co.uk for Read Hyundai Lincoln. If you were given different contact details, use these to check with the firm before going any further.

Is Read Hyundai Lincoln a scam or clone?

Read Hyundai Lincoln is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.

Is my money safe with Read Hyundai Lincoln?

Protection works through Ingeni Services Group Limited, the principal firm responsible for Read Hyundai Lincoln's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.

Who owns Read Hyundai Lincoln?

Read Hyundai Lincoln is owned by Read Motor Group, which holds 75–100% of shares, since 6 April 2016.

Who runs Read Hyundai Lincoln?

Companies House lists 2 directors of Read Hyundai Lincoln: Michael David Read and Nicola Jane Read.

How long has Read Hyundai Lincoln been in business?

The company was formed on 18 July 2011.

What do Read Hyundai Lincoln’s latest accounts show?

Its latest accounts, to 31 December 2024, show turnover of £19.5m (−6.8% from £20.9m) and profit before tax of £406k (−20% from £506k).

Does Read Hyundai Lincoln use any other names?

It trades as Read Hyundai.